Luol Deng's 10-year run with the Bulls is over, the All-Star small forward's representatives and Bulls general manager Gar Forman confirmed to CSNChicago.com Monday night.

The Bulls traded Deng, in the final year of his contract with the only NBA team he's played for, to Cleveland for center Andrew Bynum and a 2014 first-round draft pick and multiple draft picks. Bynum will be waived by the team before his contract is guaranteed for the season Tuesday afternoon.

"We have great respect for Luol Deng, as a player and a person. He has been an incredible contributor to our team on the court, and he has also done great things in the community. On behalf of the entire Bulls organization, I want to thank Luol for his years in Chicago," said Forman in a statement released by the team, adding, "The moves made today will put us in a better position to make the entire roster stronger for the future and to compete for a championship."

The trade was first reported by ESPN's Brian Windhorst.

Deng, who makes $14 million this season, will be an unrestricted free agent next summer and the Cavaliers are one of several NBA teams with interest in offering him a multi-year contract.

The picks the Bulls will receive from Cleveland are a future conditional first-round choice via Sacramento, and second-round picks in both 2015 and 2016, through Portland. The Bulls also have the right to switch first-round picks with the Cavaliers in the 2015 NBA Draft if Cleveland isn't a lottery team.